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February 24, 2020
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John Stumpf

CNBC Business

Wells Fargo to pay $3 billion in settling criminal and civil investigations into its fraudulent sales practices

CNBC – For more and to sign up click here Wells Fargo has agreed to pay $3 billion and admit wrongdoing to settle criminal and civil investigations with the Justice Department and the Securities and Exchange Commission over its fraudulent fake-account scandal, the U.S. Attorney’s Office said Friday. “This case illustrates......
CNBC Business

5 things to know before the stock market opens January 24, 2020

CNBC – For more and to sign up click here 1. Stocks set to open higher after strong earnings from two Dow components Traders work on the floor of the New York Stock Exchange (NYSE) on January 21, 2020 in New York City. Spencer Platt | Getty Images U.S. stock......

Federal regulators permanently ban former Wells Fargo exec from banking

CBS News
CBS News – For more and to sign up click here Federal regulators are fining former Wells Fargo CEO John Stumpf $17.5 million and banning him from the banking industry for life for his role in a scandal in which company employees opened millions of fake accounts without customers’ consent. ......
CNBC Business

Ex-Wells Fargo CEO John Stumpf barred from industry, to pay $17.5M for sales scandal

CNBC – For more and to sign up click here The U.S. government announced Thursday that former Wells Fargo CEO John Stumpf has been banned from ever working at a bank again and will pay $17.5 million for scandals in which millions of fake accounts were set up to meet......

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